Waiting for the boom: a simulation study of power plant construction in California

摘要: Abstract This paper describes a computer simulation model constructed in the summer of 2000. It was used to simulate general patterns power plant construction that might appear an electric system with approximately same loads, resources and markets as those California. The begins background on restructuring California review previous research construction. then by presenting several simulations qualitatively different reveal could steady, even fashion, causing plants come line exactly time meet profitability goals investors. But this is not dominant pattern. more likely pattern shows lagging behind growth demand, allowing prices climb surprisingly high values during peak periods summer. When new are completed, they great numbers bust wholesale prices. boom/bust common industries such commodities real estate, there good reasons believe boom industry. Electricity consumers would certainly benefit from Unfortunately, waiting for difficult challenge current mix state federal rules concludes summary recent events have led demise approach deregulation state's entry into business.